Bullion & Business Weekend Report

Gold and platinum were in mixed moods this week. Gold had spiked Wednesday on the New York Mercantile Exchange (NYMEX) after the Federal Reserve cut interest rates by a half-percentage point Wednesday. However, profit taking and a stronger dollar relieved gains, forcing gold down sharply Friday.

Platinum, on the other hand, spurred forward after a mid-week slump and sustained record-breaking momentum. Silver hit a fresh milestone above $17 an ounce and just eased off a 28-year high.

London Fix numbers after Friday’s close:

Up

Down

Week % Change

Week $ Change

Friday Close

Silver

X

4.56%

$0.75

$17.19

Gold

X

-0.19%

-$2

$915

Platinum

X

5.47%

$91

$1,755

The silver, gold and platinum weekly charts are below as well as the business week wrap up video and three related articles.

CoinNews London Fix Charts: Silver, Gold and Platinum

(January 28- February 1)

The London Fix is one of the most used bullion quotes around the world. The London AM fix for gold and platinum begins at 10:30am GMT (5:30am in New York), and the PM fix begins at 3pm GMT (10am in New York). The London Fix for silver begins each business day at 12pm GMT (7am in New York).